Thank you so much, Mr. Chair.
I think Mr. Chambers stole all of my question notes. I think he literally took the direction of every single one of my questions.
I want to start off just by thanking our officials for being here today. Thank you for your extraordinary work. I know this is not an uncomplicated matter, so I really appreciate all of your hard work on this.
As mentioned by my colleague, I think there's a very strong desire to strengthen protections for pensioners. I personally suspect that the reason it's taken this long is that it is actually highly complicated. On the one hand, you want to provide room for companies that are in financial difficulty to restructure and get back on their feet, while at no point in any way threatening 100% of the pensioners' pensions.
I would like to very quickly make sure it's clear on the record. Ms. Gladu had indicated that this bill would only affect federal pensions, but what I heard from Mr. Schaan is that it would actually impact companies right across the country. It would be applicable to all companies across Canada.
Can you please verify that?